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The Turkish citizenship by investment program is one of the most popular ones among investors.
Cosmopolitans can obtain second citizenship by investing $400,000+ in the country’s economy. There are five options available: purchase of real estate or units of an investment fund or bonds and opening of a deposit in a Turkish bank.
The purchase of real estate is the most demanded option. Real estate prices grow by 15 to 25% per year in Turkey. As a result, home sales to investors grew by 43.5% in 2021.
Family members such as a spouse and children can get second citizenship in Turkey along with the investor.
Citizens of Turkey can get a C-2 Schengen visa for 5 years. The visa allows citizens to stay in the Schengen countries for up to 90 days out of 180.
Holders of the Turkish passport visit 113 countries without a visa: they freely enter Japan, Singapore, South Korea and other countries.
Investors can go to Turkey at any time, even if the borders are closed. It is crucial in case of an emergency: a political crisis, epidemic, or threat to the safety of family members.
The second citizenship gives the right to live, work, study and run a business in Turkey without restrictions.
Turkish citizens can get an E-2 visa, allowing investors and their families to live and work in the USA. The investor opens or buys a business in the USA to get a visa. The minimum investment sum is not defined, but applicants usually invest $100,000+ in a business project.
Investors with Turkey citizenship can get a В-1/В-2 visa to the USA. They apply and pass an interview in US consulates in Turkey, e.g. in Istanbul or Ankara.
An investor can return the money three years after obtaining citizenship in Turkey — by selling the investment real estate. There are no sale restrictions.
There’s no need to take exams or live in Turkey for the citizenship-by-investment program participants. The procedure of obtaining a passport lasts for several months.
Investors’ spouses and minor children may also acquire Turkey citizenship.
Applicants may buy real estate or securities, open deposits or invest in businesses to get Turkey citizenship. Some investments may be very promising: for example, the cost of Turkish residential properties has grown about six times since 2015.
Turkey allows its citizens to have multiple citizenships. Investors and their family members may keep previous passports if other countries allow it.
Japan
Hong Kong
Maldives
Singapore
South Korea
+ 19 countries
Burundi
Madagascar
Seychelles
Tanzania
+ 25 countries
Albania
Kosovo
Montenegro
+ 11 countries
Fiji
Micronesia
Palau Islands
Vanuatu
+ 6 countries
Bahamas
Barbados
Dominica
Haiti
+ 8 countries
Argentina
Brazil
Colombia
Peru
+ 8 countries
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The Turkish program offers five investment options:
1. Purchase of real estate — $400,000+
2. Business investments — $500,000+
3. Bank deposit — $500,000+
4. Purchase of government bonds — $500,000+
5. Purchase of units in an investment fund — $500,000+
Under the Turkish Citizenship Law, the investment sum is set in US dollars due to the volatility of the national currency.
95% of investors choose real estate purchases because prices grow by 15 to 25% yearly in the Turkish real estate market. And in 2022, there was a price jump of 60–70% if counting in US dollars.
Investors can purchase housing, commercial facilities and land plots. Shares are not allowed. After three years, the object can be sold to anyone, but there’s a pitfall: the buyer won’t be able to apply for Turkey citizenship by investment.
One can buy several properties for a cumulative price of $400,000 if they already have TAPU for each of them, which is a document that proves ownership. If TAPU still needs to be ready, an applicant should provide a preliminary sales agreement that includes all the properties.
The investment amount doesn’t depend on the investor’s family composition.
Investor | |
---|---|
Purchase of real estate | $400,000 |
Related taxes and fees | $14,000+ |
Government fees under the citizenship program | $574 per each family member |
Investments are made in the capital stock of a Turkish company. Another option is to open your own company, which will create at least 50 jobs. After three years, the investor can sell his share in the business.
The investor can withdraw funds from the account three years later.
The investor can sell the units three years later. During ownership, the investor receives passive income.
The investor can sell the bonds three years later.
Get an individual calculation for your family with all associated costs and government fees
Get the cost calculationInvestors can buy apartments, villas, plots of land, and shares in real estate projects.
A sea view apartment in Izmir is worth $645,000. The area is 236 m², and the condo has three bedrooms and two bathrooms. The distance to the sea is 1 km on foot.
There is a pool and a terrace on the roof of the residential complex.
Parks, public transport stops and major highways are nearby the complex.
Read moreSelection of real estate
Immigrant Invest conducts its own preliminary Due Diligence to prepare for citizenship by investment unit check. The initial Due Diligence helps to identify rejection risks and find a solution in advance.
The preliminary check is entirely confidential. An investor provides only their passport.
Immigrant Invest has its own Compliance Department. Clients’ documents are checked by a certified Anti Money Laundering Officer who knows the nuances of Due Diligence procedures in different countries.
The preliminary Due Diligence lowers the risk of citizenship denial to 1%.
Pass a quick test and learn the nuances that can prevent you from obtaining a second citizenship
Evaluate your chancesEvaluate your chances of passing Due Diligence
Immigrant Invest lawyers provide the investor with a list of personal and financial documents required to participate in the program. When the documents are received, the lawyers prepare them for application: the documents are translated, copies are certified, and government forms are filled out.
The Immigrant Invest real estate department selects properties that meet the investor’s requirements. For example, it can be an apartment for rent or purchase of property under construction. Our lawyers check the clean title to a property and the contract terms.
The investor chooses an object and makes an advance payment of $1,000 to $5,000. Then the contract of sale and purchase is signed and paid: it includes the total cost of the object minus the advance payment.
Immigrant Invest lawyers help get a certificate of ownership and a VAT exemption of 0% per transaction. We also receive two conclusions: an assessment of the value of the object and a report on the compliance of real estate with the conditions of the Turkish citizenship program.
We help obtain a residence permit in Turkey for participants in the citizenship program, and immediately after that, we submit an investor’s application for citizenship. The citizenship by investment unit conducts Due Diligence, which lasts 2 to 3 months. Specialists study the investors’ documents and check information about them and their families in international databases.
Due Diligence is the decisive stage of the program. The results of the check define whether the applicants will receive citizenship.
After the approval of the application, the investor receives a passport. It is unnecessary to come to Turkey to get a passport: the document can be obtained at a Turkish embassy or a consulate in another country.
If the investor wants to get an ID card, it is necessary to submit fingerprints. Fingerprinting is usually organised at a Turkish embassy, or the investor can come to the country. The ID card will be ready in 2-3 weeks after fingerprinting.
Schedule a meeting
Schedule a meeting at one of the offices or online. A lawyer will analyze the situation, calculate the cost and help you find a solution based on your goals.
Yes, you can obtain Turkey citizenship by investing in real estate. The minimum cost of your objects must be $400,000.
Investors may purchase residential or commercial properties and land plots. Shares are not allowed. After three years, the object may be sold, but the buyer won’t be able to apply for Turkey citizenship.
Obtaining Turkey citizenship by investment typically takes 6—8 months.
Usually, the longest stage is Due Diligence — a check that is conducted to ensure that applicants fit the program’s requirements. It may take 2—4 months.
No one can guarantee that you will obtain citizenship by investment. Moreover, if a company claims a 100% guarantee, you probably deal with scammers.
Immigrant Invest has a Compliance Department. We conduct a preliminary check of applicants to identify the risk of rejection and find solutions to possible problems. Thanks to this, most of our clients successfully pass Due Diligence and get citizenship.
Choose the option with a purchase of the real estate. The property can be sold after 3 years, and the money returned.
As long as the investor owns the property, they can receive income from renting real estate. Some developers predict rental yield at 8% per annum in US dollars. The investor pays a capital gains tax of 35% on the rental income.
Turkish passports by investment are obtained remotely. The investor and their family members do not take language proficiency tests or history exams. There are no requirements to reside in Turkey.
In addition to the cost of real estate, the applicant pays state and notary fees and pays for the property examination. Related costs amount to about 5% of the property value.
No, only a licensed program agent can apply on behalf of an investor by law.
Together with the investor, their spouse and minor children under 18 years old can participate in the investment program. It is also possible to get a residence permit for parents of the investor or their spouse, as well as for children over 18 years old.
The fee for a residence permit under the investor program is $5,000 per person. One can apply for a residence permit simultaneously with the investor’s application for citizenship or after the investor has received a Turkish passport.
Schedule a meeting
Schedule a meeting at one of the offices or online. A lawyer will analyze the situation, calculate the cost and help you find a solution based on your goals.